Wednesday, 1 July 2015

A Policy Holder Concern about Exlcusion.

">15 years ago, when I bought AIA insurance with critical illness coverage, AIA asked me to go to their appointed medical clinic to check up. Upon clean bill, AIA accept my application.

Now, insurance pass the responsibility to consumers. If known illness not declare, it may end up not able to claim the insurance.

Why not insurance take up the responsibility to have their doctor conduct check up first before accept the insurance application? If there is exclusion per medical check up, stated it in the agreement up front.

In that way, both insurance company and consumer will have peace of mind."

Under the life or general insurance policy, there is usually a non-dispute clause. This clause states that the insurance company cannot dispute a claim on grounds of non-disclosure after a lapse of one or two years from the issue of the policy, "except in the case of fraud". Some claim officers argue that non-disclosure is fraudulent. They are mistaken. If challenged in court, they are likely to fail.

What you need to do before purchase of any policy is to declare as true as possible your current health status and the above non-dispute clause will be valid.

Alternatively, you can now approach your insurance planner to check whether you have any exclusion status and/or whether the non-dispute clause is in your current policy.

1 comment:

EDWARD JONES FINANCE IS THE BEST PLACE TO GET A LOAN {Jonesloanfinance@yahoo.com}, God bless you sir, I will not stop telling the world about your kindness in my life, I am a single mum with kids to look after. My name is Emily Thomas, and I am from Convention Center Drive, Miami Beach, FL . A couple of weeks ago My friend visited me and along our discussion she told me about EDWARD JONES FINANCE, that they can help me out of my financial situation, I never believed cause I have spend so much money on different loan lenders who did nothing other than running away with my money. I have been in a financial mess for the pass 7 months now,She advised I give it a try so I mailed him and explain all about my financial situation to him, he therefore took me through the loan process and gave me a loan of $390,000.00 at a very low interest rate of 2% and today I am a proud business owner and can now take good care of my kids, If you must contact any firm to get any amount of loan you need with a low interest rate of 2% and better repayment schedule, please contact EDWARD JONES FINANCE email:- {Jonesloanfinance@yahoo.com} OR Text +1(307) 241-3712 or go to there page on http://jonesloanfinance.bravesites.com

Search This Blog

About Me

The meaning of the name Kenji is: Intelligent second son; strong and vigorous.

I setup to do good but we can only help people who help themselves.

My help has it's limit and I am learning new things everyday.

I am as common as anyone. We breath the same air and grow old at the same time.

What I post is meant for good and it will be good only when it truly help someone who help themselves.

Do read the disclaimer.

Thank you.﻿

Disclaimer:

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.

Investing involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. Nothing contained herein should be construed as a warranty of investment results. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Please consult a licensed, qualified investment advisor before making any investment decisions.